Compound Interest Calculator
Money Market Account from ANB Bank with 0.07% APY

Small differences in savings or CD rates may seem trivial. But, earning more in your savings and CD accounts can lead to much larger account balances balances over time when you examine the difference in compound interest over time. Use our calculator on the right below to see how much larger your accounts can be by moving to higher earning savings and CD rates.

Use or Change these Amounts And Rates

The Results for ANB Bank

Savings Boost of
$-159 over 10 years
Cash Savings $20,000
Average Interest Earned $257

 
ANB Bank Interest Earned $98

 

 

See comparison detail table

This analysis is for demonstrative purposes only and may change should certain assumptions prove incorrect. Savings rates may change and CD rates may not be renewable for the length of the term of the analysis. The difference between the bank rate entered and the average rate may not remain constant throughout the term.

Comparison Detail Table Close X

Average Rate Scenario

Rate:
0.18%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 36 25
2 20,036 36 26
3 20,073 37 26
4 20,109 37 26
5 20,146 37 26
6 20,183 37 26
7 20,219 37 26
8 20,256 37 26
9 20,293 37 26
10 20,330 37 26
TOTAL: $367 $257

ANB Bank Scenario

Rate:
0.07%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 14 10
2 20,014 14 10
3 20,028 14 10
4 20,042 14 10
5 20,056 14 10
6 20,070 14 10
7 20,084 14 10
8 20,098 14 10
9 20,112 14 10
10 20,126 14 10
TOTAL: $140 $98

Take Action

The accounts below offer some of the best rates in the country can be opened online, and are available nationally. As the calculator shows, changing accounts to earn a higher interest rate can really add up over time.

 

Featured CD Rates

Advertiser Disclosure
ONLINE BANKS APY? MIN?

High-yield savings with long-term rate security. Member FDIC.

12-Month

Start earning 5.75% APY with a high-yield CD that supports a greener economy. Easy signup. FDIC-insured.

9-Month

Guaranteed returns. No account fees. Member FDIC.

9-Month

Guaranteed returns. No account fees. Member FDIC.

12-Month

Guaranteed returns. No account fees. Member FDIC.

18-Month